Rayonier - Best-in-Class, Pure-Play Timber REIT
Availability of Viable B.C. Timber Is Expected to Decline Rapidly
Inventory of Available Live and Dead Lodgepole Pine by Years Since Attack
(Mil m3)
1,600
Economic "Shelf-Life" of Beetle Kill Wood = 8-12 Years
1,400
1,200
1,000
800
600
400
200
2010 - 2015:
~19% Decline in
<12 yrs Dead Volume
2015-2020:
-39% Decline in
<12 yrs Dead Volume
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
9-10 yrs 11-12 yrs >12 yrs
Duration Since Mortality: ■Live <8 yrs
The mountain pine beetle epidemic is expected to significantly constrain the availability of
economically viable pine inventory in B.C. for many decades.
Rayonier Source: B.C. Ministry of Forests, Forest Economic Advisors.
Investor Relations | August 2017
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